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Most holders of bitcoin exchange-traded funds (ETFs) currently have cost bases above the prevailing market price, indicating that, on average, investors are facing unrealized losses. James Seyffart shared this analysis, highlighting that the typical investor in these ETFs is still below water.
Additional charts and analytics from the Bitcoin ETF Chartpack are available to Bloomberg clients.
Seyffart has previously reported on rapid ETF filings, including the new HALX ticker as asset managers compete to launch new products. He also noted increased trading activity in ARKG and ARKK ETFs, with ARK Invest changing positions in several holdings. These developments add further context to investor behavior in exchange-traded products.